Shares of Majestic Wine PLC (LON:WINE) have earned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 348 ($4.35).
A number of research analysts recently issued reports on WINE shares. Canaccord Genuity lifted their target price on Majestic Wine PLC from GBX 280 ($3.50) to GBX 290 ($3.62) and gave the company a “sell” rating in a report on Tuesday, January 10th. Peel Hunt reaffirmed a “hold” rating and set a GBX 300 ($3.75) price target on shares of Majestic Wine PLC in a report on Tuesday, December 13th. Investec reaffirmed a “buy” rating and set a GBX 450 ($5.62) price target on shares of Majestic Wine PLC in a report on Tuesday, January 10th. Liberum Capital decreased their price target on Majestic Wine PLC from GBX 415 ($5.19) to GBX 380 ($4.75) and set a “buy” rating for the company in a report on Monday, November 7th. Finally, Panmure Gordon reaffirmed a “hold” rating and set a GBX 320 ($4.00) price target on shares of Majestic Wine PLC in a report on Tuesday, January 10th.
In other news, insider James Crawford bought 5,000 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were acquired at an average price of GBX 296 ($3.70) per share, for a total transaction of £14,800 ($18,495.38). Also, insider Derek Hardy bought 1,041 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were purchased at an average price of GBX 288 ($3.60) per share, for a total transaction of £2,998.08 ($3,746.66). Insiders have acquired a total of 8,041 shares of company stock valued at $2,387,808 over the last ninety days.
Majestic Wine PLC (LON:WINE) opened at 347.00 on Thursday. Majestic Wine PLC has a 12-month low of GBX 273.25 and a 12-month high of GBX 485.00. The company’s 50-day moving average price is GBX 337.97 and its 200-day moving average price is GBX 342.06. The stock’s market cap is GBX 228.48 million.
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Majestic Wine PLC Company Profile
Majestic Wine plc is a wine retailer. The Company acts as a holding company for its subsidiaries. The Company is engaged in the retailing of wines, beers and spirits. The Company operates through four segments: Retail, Commercial, Naked Wines and Lay & Wheeler. The Retail segment is a customer based wine retailer, selling wine, beer and spirits from stores across the United Kingdom, and online, and also incorporates the Company’s French business.
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